Itemizing your deductions may enable you to deduct these expenses: House Hacking: How Tax Breaks Can Turn This Real Estate Strategy Into a Gold Mine Man Who Lives in a $3.7 Million 1-Bedroom ...

The 2025 tax filing season is underway, and there are several tax benefits that can help homeowners save money this year.

you can deduct a portion of your mortgage, insurance, utilities, property tax, repairs, and maintenance, she explains. There are two ways to claim the deduction. The simplified way allows you to ...

Homeowners who itemize their tax returns can deduct the property taxes they pay on their residence up to a limit. The state and local tax (SALT) deduction allows taxpayers to deduct up to $10,000 ...